New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-11-07
TIE PETROLEUM XlRKEE

,rws FROM THE FIELD AID RANGE OF PRICES
Tn. most important last week affecting the
pe,roeu ~ situation shutting down OF large
of tho production of the Penn~y regions in accordance
with tho agreement made between the Prsluces Protective
Association and the stania" Oh Interests The shutdown
rian was vat ipto operation November J. date that will
become historic tho annaso the trade # the years agrees
mani i, succ .alIy through We gave through the
week the details Of this agreement so iar as Ties en 10
learned Hrsay summarized tho teitues are a, "lows
about 20 90 barrels output to % curtaei AMI pamp
drilling shooting OF wells arc 10 cease ci yearb
IN r.ooopen,s rrylnccrs for leaving their OF IA tha
ground they are to share pre- rafa ID Ia prom"
on barrels aside ~ the STANDARD al ." eess 10
Do ,od in tho COURSE year un for The labor snher-
Ing curtsGoa OF work Is 20 De povieI sntor
ths profits 1000 900 barrels similarly sot lse nal ~
tho producers aud hall by tho Staaiari Violation OF ths
agreement by producer iocs his share Ia W pronss
which be fully distributed only At e ehh o. 'he JeArs
Jb. scheno is one Of the mot Interesting ever
trsd Any particular branch of commerce and - worthy OF
poll; teal ec0n st. it Will te.t 'sreiv me
ability producers MAINTAIN compact organization.
AID will dem, ats whether 20 tsr industry can Success
fully he apple the principle operation. r.ss main
teusnce this plan will practically assure its psraanency
for longer period will oiless at the pro .nres
.uccs-su,ly with any possirs tyranny from Other
branch Of fhs trade The plan. however re,e'snts a
present resiori harmony between renBrr ~" n"r of
n s,nsni 10 Us proicer O. iiG In, ons Ms fsi.
ihinws VII ~ den. to rsr sr ."cess. Of the movement
only blindness Of prejudice VII fal, To s., htths
p -,si ID to be ACCOMPLISHED bv actof fhrirs.
oons., ssao%p ,ams T' Of the .naSo"n sGse S@
almost rondrr were performed IN bringing = - ~ rr'sns
Interested profess eo1se"ncs IN rs ioia.@ -Gt
!. .ace:: 80 .'s:ns'henn: ac :s!.fe.IIn g,:as:
.eoet!ns o. saarant.sot the ne neht 3,.n.
IT sft TO "nt 70 ws s Ld nss' TO-
l4t n no rnn, tor tho ir unee asrS A"v,mlst
severe. have be.n 4474 barre 81 80, day
sa St a iSl a,.r Hy, % Trre.
. ftgy an 4
iLi00 bsrieso day c:aie roe 10 nearly ana te
Then Lin. had lang. hsn II h,, e-l.v
competition .,,ufeiv facor in tls outlook lu nOs
ss"Gn. enc at pre'sn, prices s an s.,,, no,
strand n her issa,.. Tor as,slogns iraas J, !: b:
RAPID rs'ocn OF Nscks bora val &c apt to ,a1se,[ "a.
oa,sssons AL esTsesi!ons are presented show the
.asoasrr bel, wrs hs9 nav ndi opres
,a' s',s ,pse,.. ton hsy 'ro r'1'ona .",s 10 e ,s
ni.nts sstonburG wholly satisfactory 10 ihs
rVp.eief m & we're r. ~ gHu,ay fl's
WIN trrrtory ofo.Irss o t,Id !. no dehnei Or hy
,t.cS ana der. NAV he .opc bsar SURPRISES oI
u I..que,'onaeie Ioseye' whsihsr arfe POI n ~;
ioreseng coL..icr .t!on. ,.,. -, .,.,
to havs offered si.'anreo q Tho stability
s.ss 81 Va, ss m .G S.oe at ne on
thea prices recovered cents a9a o. over cuts % hs
rrssnariiy 10 AZ week, ,lraon prices ne 'icrelsp
afs eys SaOa' s Sa Pc s"S rye ss
sil"n sad r.; cent, gam - crnt. bit sncoar:
aged lev The beaF.si field and The absence 81 boon
~ the shut bears iatct ns
uaTka ~ cart, The pensiiy paid IN tic recovery
cent thursday and but little UaIt OF TIL
lost su0s-qusD:y Tho short interest IS large ssd ums ne
-tteup o. disturb boilers It's -Torts have bni
demonstrated tlic ienscy VITA which certificates are he'd
and not nari l' h snc, N Wh. sa
tao OIL county operators vii rav vii. tho poor
New York fhtfr EXC hangc Il shut,
viii 'h2i isy There severa wells IN saxon
burg wiil.n das- upon Which fluctuations WIN.
nod rate nt. prsiite But the make closed
aUli stIODg
Tho rsnr- ri prices ant the total desllar. 10 National
IN, CO.. sol iacd stock ana Pc fJleuu
4 Ichanks . as three weeks follows